DELIVERY OF REPURCHASED SHARES. The Purchaser agrees that he (or his executors or administrators or other legal representative, as the case may be) shall promptly deliver to the Company, at the Company's principal office, certificates for any Shares which are repurchased by the Company pursuant to this Section 3, and that such certificates shall be duly endorsed in blank for transfer to the Company; provided, however, that if the Purchaser fails to deliver such certificates to the Company on or before the fifth day following delivery to the Purchaser by the Company of the notice and payment required by subsection 3.3, the Shares repurchased shall be deemed to be transferred to the Company on such date, and all rights of the Purchaser with respect to such Shares shall thereupon cease.
Appears in 4 contracts
Samples: Restricted Stock Purchase Agreement (Exact Corp), Restricted Stock Purchase Agreement (Exact Corp), Restricted Stock Purchase Agreement (Exact Corp)
DELIVERY OF REPURCHASED SHARES. The Purchaser Stockholder agrees that he (or his executors or administrators or other legal representative, as the case may be) shall promptly deliver to the Company, at the Company's principal office, certificates for any Shares which are repurchased by the Company pursuant to this Section 3, and that such certificates shall be duly endorsed in blank for transfer to the Company; provided, however, that if the Purchaser Stockholder fails to deliver such certificates to the Company on or before the fifth day following delivery to the Purchaser Stockholder by the Company of the notice and payment required by subsection 3.33.2, the Shares repurchased shall be deemed to be transferred to the Company on such date, and all rights of the Purchaser Stockholder with respect to such Shares shall thereupon cease.
Appears in 2 contracts
Samples: Phase Forward Incorporated (Phase Forward Inc), Phase Forward Incorporated (Phase Forward Inc)
DELIVERY OF REPURCHASED SHARES. The Purchaser agrees that he she (or his her executors or administrators or other legal representative, as the case may be) shall promptly deliver to the Company, at the Company's principal office, certificates for any Shares which are repurchased by the Company pursuant to this Section 3, and that such certificates shall be duly endorsed in blank for transfer to the Company; provided, however, that if the Purchaser fails to deliver such certificates to the Company on or before the fifth day following delivery to the Purchaser by the Company of the notice and payment required by subsection 3.3, the Shares repurchased shall be deemed to be transferred to the Company on such date, and all rights of the Purchaser with respect to such Shares shall thereupon cease.
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